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17
Sep
2015

The OECD has cut its economic growth forecasts for 2015 and 2016, warning of a dramatic slowdown in Brazil and a global outlook clouded by risks in China. It also called on the US Federal Reserve not to raise its benchmark rate at its policy meeting today. A rise would the the first since 2006.

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14
Sep
2015

Robert Shiller, Nobel prize-winning economist and a professor of economics at Yale University, is best known for the Shiller P/E (price/earnings) multiple, which has produced accurate valuations of the US stock market. In recent years it has grown controversial.

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11
Sep
2015

While recent volatility in financial markets has unsettled the global economy, the world should have confidence in China's future, Li Keqiang, Chinese premier, on Thursday told participants in the opening plenary of the World Economic Forum's ninth Annual Meeting of the New Champions. The premier said the government was committed to the "painful and treacherous" process of transforming its economic model from one that was over-reliant on investment and manufacturing to one driven more by consumption and services.

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11
Sep
2015

Global food commodity prices continued to decline in August as ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to the sharpest fall of the FAO Food Price Index in almost 7 years. A substantial drop in prices for milk powders, cheese and butter pushed the August dairy price index down by 9.1% to 135.5 points, with much of the weakness attributed to softening import demand from China, the Near East and North Africa.

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9
Sep
2015

Since the 1970s hourly compensation for the typical US worker has essentially stagnated, even as net productivity continued to increase. This trend continues to the present day and from 2000 to 2014, net productivity grew by 21.6%, while the hourly compensation of a typical worker grew by just 1.8% according to the Economic Policy Institute (EPI) think-tank.

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8
Sep
2015

The US employment ratio in August 2015 was at 59.4% — the same level as the recession trough in June 2009 and not previously recorded since March 1981. Meanwhile the labour force participation rate in August at 62.6% was 3.1% lower than in June 2009 and until June 2015 when it was also at 62.6%, the low level had not been seen since early 1978 when increasing numbers of married women began joining the workforce.

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8
Sep
2015

China's foreign trade in August dropped 9.7% year-on-year, with exports falling 6.1% and imports plunging 14.3%, official data showed on Tuesday. The trade surplus jumped by 40%. China's statistics authority on Monday lowered the country's growth rate for 2014 to 7.3% from its original estimate of 7.4%.

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8
Sep
2015

The world's forests continue to shrink as populations increase and forest land is converted to agriculture and other uses, but over the past 25 years the rate of net global deforestation has slowed down by more than 50%, the Food and Agriculture Organisation (FAO) of the United Nations said in a report published Monday.

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4
Sep
2015

US nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1%. Employment rose in health care and social assistance and in financial activities, while manufacturing and mining employment declined. The broad rate of unemployment was 10.3%.

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3
Sep
2015

Chinese markets were closed today (and Friday is also a public holiday) as a massive military parade in Beijing aimed at "rekindling the glorious past of forces led by the Communist Party of China (CPC) in defeating Japanese invaders in World War II," according to official media — the United States defeated Japan and within China the nationalist government of the Republic of China also played a significant part.

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